Real Estate Investing in Tidewater, Oregon (97390)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 97390 (Tidewater, OR)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 22.4% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 29.3 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Tidewater, OR (97390)?
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Market Analysis: 97390 Tidewater
From an investor standpoint, ZIP 97390 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $427K median. It rewards specialists, not generalists.
The 97390 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader OR picture, 97390 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Looking more closely, 708 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 97390 is an operator game, not a passive one. Turning to rents, entry prices of $427K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Tidewater:
Market Trends
Home Value History (with trend line)
📊 How Does 97390 Compare?
| Metric | 97390 | Tidewater | Newport, OR | Oregon |
|---|---|---|---|---|
| Home Value | $426,617 | $426,617 | N/A | $493,884 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 4.9% |
| Avg Rent | $1,215 | $1,215 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97390 (Tidewater, OR). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $426,617 |
| Monthly Rent | $1,215 |
| Price-to-Rent | 29.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 97390
Population: 708
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
Frequently Asked Questions
Are homes affordable in Tidewater, OR?
Typical homes in Tidewater, OR go for around $427K. The 5-year CAGR of 0.0% predictable price movement.
How deep is the rental pool in Tidewater, OR?
Working renters make up the core of the Tidewater, OR tenant base. The pool is reasonable for investors targeting long-term holds.
Does Tidewater, OR favor landlords or tenants?
Tidewater, OR falls under OR landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is vacancy a concern in Tidewater, OR?
Occupancy in Tidewater, OR runs consistent with elevated vacancy. Well-priced units at $1,215/mo lease on reasonable timelines.
What type of investing works in Tidewater, OR?
Most investors in Tidewater, OR run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 97390 now. You don’t know where it ranks.
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How 97390 ranks in Newport, OR
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